2 Bed Flat, Single Let, Langport, TA10 9TH, £130,000

105 Brookland Road, Langport, Somerset, TA10 9TH - 2 views - 2 months ago

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Leasehold

BTL

ROI: 1%

46 m²

+3 photos

ValuationOvervalued

Sold Prices	£102.5K - £205K
Sold Prices/m²	£1.6K/m² - £2.9K/m²

Square Metres	46 m²
Price/m²	£2.8K/m²
Value Estimate	£97,552£97,552

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£32,500£32,500
Stamp Duty & Legal Fees	£7,700£7,700
Total Cash In	£40,200£40,200

Cash Out
Rent Range	£550 - £3,250£550 - £3,250
Rent Estimate	£579
Running Costs/mo	£542£542
Cashflow/mo	£37£37
Cashflow/yr	£443£443
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

8 sold prices from £102.5K to £205K, average is £123.8K. £1.6K/m² to £2.9K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£106K	05/21	0.02 mi	103, Brookland Road, Langport, Somerset TA10 9TH	£2,208	48	2	Flat
£123K	01/21	0.02 mi	59, Brookland Road, Langport, Somerset TA10 9TH	£2,121	58	2	Flat
£205K	10/22	0.08 mi	36, Bartletts Elm, Langport, Somerset TA10 9BS	£2,929	70	2	Flat
£102.5K	03/23	0.08 mi	15, Bartletts Elm, Langport, Somerset TA10 9BS	£1,577	65	2	Flat
£115K	08/21	0.56 mi	8, Moor Close, Langport, Somerset TA10 9RR	£1,788	64	2	Flat
£124.5K	07/21	0.65 mi	Flat 2, Stonehouse Court, North Street, Langport, Somerset TA10 9RL	-	-	2	Flat
£124.5K	07/21	0.66 mi	Flat 2, Stonehouse Court, North Street, Langport, Somerset TA10 9RL	-	-	2	Flat
£190K	11/22	0.73 mi	Flat 1, Ouseley House, The Hill, Langport, Somerset TA10 9PU	-	-	2	Flat

Local Rents

17 rents from £550/mo to £3.3K/mo, average is £645/mo.

Rent	Date	Distance	Address	Beds	Type
£750	09/24	0.02 mi	Brookland Road, Langport	1	Flat
£1,800	09/24	0.41 mi	Newtown, Langport	4	Detached House
£1,850	09/24	0.45 mi	Wearne, Nr Langport	4	Detached House
£660	12/24	0.76 mi	-	1	Flat
£585	02/25	0.76 mi	-	1	Flat
£640	09/24	0.77 mi	-	2	House
£595	09/24	0.77 mi	-	2	House
£575	07/24	0.77 mi	-	1	Flat
£680	04/25	0.78 mi	-	1	Flat
£825	09/24	1.04 mi	Bow Street, Langport, TA10	1	Flat
£1,896	09/24	1.97 mi	-	3	Detached House
£3,250	09/24	2.31 mi	Furnished Barn conversion	4	Detached House
£625	12/24	2.45 mi	-	1	House
£580	07/24	2.45 mi	-	1	Flat
£645	03/25	2.45 mi	-	1	Flat
£550	09/24	2.48 mi	Abbey Close, Curry Rivel	1	Flat
£625	08/24	2.48 mi	-	1	Flat

Local Area Statistics

Population in TA10	9,3329,332
Town centre distance	0.11 miles away0.11 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	9.59 miles away9.59 miles away

Rental growth (12m)	-16%-16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £130,000

February 26, 2025

Floor Plans

Description

First Floor Flat +
Two bedrooms +
Modern kitchen and bathroom. +
Nearby rear garden +
Good decorative order +
Allocated Parking +
Ideal for first time & investment buyers alike +

A two bedroom first floor flat in good decorative order, with useful rear garden and parking. The property benefits from uPVC double glazing, gas fired central heating, off road parking and is ideal for both first time buyers or investment buyers alike as ground rent is just £30 per year, with no maintenance charge. Early viewing is highly recommended.

Agent Details

English Homes, Langport

01458 552268

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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